The oil producing country has big plans ahead

read more:

http://af.reuters.com/news/country/?type=kenyaNews

We are a land of dreams now. Anything is possible, although that duration is rather high... 10yrs... hummm.

[quote=Scubidu]Fitch raises red flag over growing public debt load

read more:

http://www.businessdaily.../-/10blv93/-/index.html[/quote]

But nobody listens or cares until the next episode of currency volatility, credit squeeze with sky high funding rates & an economical growth slump period.

KE needs to ensure that it can maintain a GDP growth of 5% plus at least for 5yrs in a row to plug the deficits. Otherwise austerity pills will be served and that will be a bad outcome. Local production boost is a must and imports of things that can be sourced locally should be highly taxed. I like that idea by Jimnah about forming a bank of industries which can fund massive projects.

The government has taken advantage of falling interest rates to raise more than a quarter of the planned annual borrowing in the first month of the financial year.

Central Bank of Kenya (CBK) data shows that the Treasury’s net borrowing as at Thursday last week had hit Sh29 billion out of Sh108.7 billion planned for the fiscal year 2012/13, as interest rate yields on government securities have fallen steadily in recent months.

http://www.businessdailyafrica....76/-/skteq9/-/index.html

When oil is declared commercial viable, we will be invited to the high table...